City Beijing Financial News

By Sophie Yu and Brenda Goh

(Reuters) — JP Morgan and Nomura on Wednesday lifted their forecast for China's economic growth for the year, after the economy grew at a faster-than-expected pace in the third quarter from a year earlier.

faced a slowdown during the summer due to weakened global demand for its exports and the worsening situation in the property sector, as per government reports on Wednesday. Official data revealed that the world's second-largest economy grew at a 4.9 percent annual pace in July-September, surpassing analysts' expectations of approximately 4.5 percent, AP reported.

Reuters reported. Vietnam's President Vo Van Thuong invited Putin to “soon" visit the country and “Putin happily accepted the invitation," Vietnam News Agency, the state's official newswire, reported late on Tuesday. Also Read: BRI Summit: Putin advocates Russia's northern sea route; hails 'dear Friend' Xi Jinping Like China and Kyrgyzstan, Vietnam is not a member of the ICC.

(Reuters) — China's economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing's full-year growth target.

Investing.com-- Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains.

Chinese President Xi Jinping is promising greater access to China’s market for international firms and new financing exceeding $100 billion for other developing economies

Ukraine war and an escalating conflict in the Middle East. Xi is hosting Putin along with dozens of global leaders at the Belt and Road Initiative (BRI) Summit to celebrate 10 years since the Chinese President launched the infrastructure project aimed at strengthening alliances with Asian, African, and Latin American nations. During the meeting, the two leaders are expected to focus on their remarks about the Israel-Hamas war as US President Joe Biden is visiting Israel today.

China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector

By Wayne Cole

Hungarian Prime Minister Viktor Orbán has held talks with Vladimir Putin in a rare in-person meeting for the Russian president with a leader of a European Union country

The Chinese search engine and artificial intelligence firm Baidu has launched the latest version of its artificial intelligence model Ernie 4.0

China is hosting its third international forum centered around President Xi Jinping’s signature policy, the Belt and Road Initiative, which over the past 10 years has built infrastructure across continents, burdening some smaller countries with debt

Chip stocks like NVIDIA (NASDAQ:NVDA), AMD (NASDAQ:AMD), and Intel (NASDAQ:INTC) fell in early trading Tuesday after new rules from the Biden administration will make it harder for China to buy AI and other advanced U.S. chips.

BEIJING (Reuters) -China has told state-owned banks to roll over existing local government debt with longer-term loans at lower interest rates, two sources with knowledge of the matter said, as part of Beijing's efforts to reduce debt risks in a faltering economy.

More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.

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China’s Belt and Road Initiative looks to become smaller and greener after a decade of big projects that boosted trade but left big debts and raised environmental concerns

Russian President Vladimir Putin has arrived in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine as well as Russian backing for China’s bid to expand its economic and diplomatic influence abroad through its decad...

Vladimir Putin arrived in Beijing on Tuesday to meet with his Chinese counterpart Xi Jinping on a widely watched trip aimed at showcasing the deep mutual trust and «no-limits» partnership between China and its giant neighbour. Putin and his entourage flew into the Beijing Capital International Airport on Tuesday morning, according to Reuters video footage, in the Kremlin chief's first official trip outside of the former Soviet Union this year.

China that circumvent government restrictions, a US official said, as part of the Biden administration's upcoming actions to block more AI chip exports. The new rules, details of which Reuters is reporting for the first time, will be added to sweeping US restrictions on shipments of advanced chips and chipmaking equipment to China unveiled last October. The updates are expected this week, other people familiar with the matter said, though such timetables often slip. The new rules will block some AI chips that fall just under current technical parameters while demanding companies report shipments of others, said the official, who provided information on condition of anonymity. A spokesperson for the US Department of Commerce, which oversees export controls, declined to comment. The latest crackdown on tech exports to China coincides with US efforts to thaw difficult relations between the world's two largest economies.